💱Euro/US Dollar FX Spot Rate
EURUSD
▼ NegativeMonetaryrelevance
ECB hikes but other central banks on hold, limiting euro support; markets price downside growth risks in Euro area.
Impact on assets 1
Others
BNY's Bob Savage observes that recent ECB hikes have found few followers among other European central banks, with the BoE, SNB, Norges Bank and Riksbank all on hold. Inflation concerns remain largely domestic, while markets continue to price downside growth risks in the Euro area.
ECB hikes but other central banks on hold, limiting euro support; markets price downside growth risks in Euro area.